I know I haven't posted in a while and Have neglected my catharsis, which explains why my blood pressure is up. I have all kinds of excuses but no answers. Now having said that:
I am getting so sick of hearing about the sub prime issue that I may hurl any moment and start a new binge and purge craze, the sub prime Bulimia plan. Especially when they start talking about how they are going to bail some of these people out because it will lead to a huge economic downfall for the country. So let me get this straight, I buy a house with a good rate and because of a bad career move, take a job that gets me in over my head on payments and I lose my house...too bad. BUT, if I buy a house and make an even more stupid move by getting a sub prime mortgage, I'll get help?!?!? Why does this country always seem to bail out the stupid? I heard this morning (which touched off my rant) from a "candidate" that we need to do something about this before it becomes a national crisis. I'm sorry, but I just don't buy it, not even with someone else's money. I am a returning student with 2 jobs, so why don't I get rewarded for doing everything I can to not get in over my head? This is of course rhetorical, but only a little.
Before I forget, the link above is to an article describing a bill that will ask for new regulations on sub prime lenders, not sanctions but regulations. I guess it's better late than never telling you about that as well.